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Eurozone Consumer Sentiment Plunges to -6.8 in November

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Shopping cart supermarket with boxes and a red arrow down. Falling consumer demand, declining exports or imports. The decline in production of goods and products, the economic downturn and recession.

Eurozone consumer confidence dropped by 2 points in November from the October figures.

Source: European Commission

Euro Stoxx 50 up +0.82%, EUR USD down -0.27%

The European Commission stated that a flash estimate signaled eurozone consumer sentiment dropped to -6.8 in November from -4.8 in October.

At the current level, the consumer confidence indicator dropped below EU and close to its pre-pandemic level but remains above its long-term level.

In the European Union, the consumer sentiment dropped by 2.1 points to -8.2 points.

In October 2021, the Economic Sentiment Indicator (ESI) improved in the EU improved by 1.0 points to 117.6. In the Eurozone, the ESI improved by +0.8 point to 118.6.

The Employment Expectations Indicator (EEI) continued to pick up by +1.2 points to 114.7 in the EU and increased by 1.1 points to 114.5 in the eurozone.

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